Binance has reportedly informed the P2P cash zone users of the service shutdown, advising them to infection in online payment methods for colleague to colleague to trading.
Cryptocurrency Exchange Binance is reportedly closing its P2P cash zone facility on 31 March, ending a service that allows users to trade crypto for cash for cash through registered traders.
In Multiple Posts On X, users from various fields shared the information from the banns that the exchange decided to air the feature to “focus on our main services and to develop innovative solutions” to focus on the feature to focus on “.
As the press time, Benance did not make any public announcement about the closure on its official channels. However, in a response on X, its customer aid team appeared confirm Saying that “other P2P exchange services with local currencies are working normally.”
According to reports, users can give new orders by 25 March, but no new transactions will be accepted after that date. The full shutdown is scheduled on 31 March at 23:59 UTC+0.
Launched in 2023, P2P Cash Zone allowed users to exchange crypto for cash through traders approved with physical locations. A 2023 blog postBenance described users in a way to “trade their crypto for more than 100 local currencies and choose from more than 700 payment options. The exchange had deployed it as a” suitable option, especially for users in unbanked areas or those who have been limited to financial services. “It is not clear why the binquests decided to close the service.
